ECB Official Highlights Economic Risks of US Tariffs

Francois Villeroy de Galhau, a key figure in the European Central Bank (ECB) and Governor of the Bank of France, issued a stark warning on Thursday about the detrimental effects of President Donald Trump's tariffs on the US economy and global trade. Speaking at an economic panel hosted at Germany's embassy in Paris, Villeroy described the tariffs as a "tragedy" for the American economy, with far-reaching negative impacts on global output.

Trump's Tariff Threats Escalate Tensions

This warning comes in the wake of President Trump's recent threats to impose a staggering 200% tariff on alcohol imported from the European Union. Such measures have raised concerns about the potential for escalating trade tensions and their impact on global economic stability.